Deals and Moves: Nov. 14

Outsourced billing services provider Billtrust, in Hamilton Township, today announced it has received a $25 million investment from the Boston-based venture capital division of Bain Capital to identify and acquire companies that will strengthen its position in the payments industry.

New Jersey Health Foundation, in New Brunswick, announced Tuesday it has awarded $2 million in grant funding to the University of Medicine and Dentistry of New Jersey to provide seed and bridge capital for research projects and education programs through June 2013.

South

Topical generic pharmaceutical developer IGI Laboratories Inc., in Buena, announced Tuesday it has formed a partnership with outsourced business services provider DDN, in Menomonee Falls, Wis., to obtain logistics support for the launch of its first private-label generic products later this year.